Kodak 2012 Annual Report Download - page 90

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Table of Contents
NOTE 16: OTHER OPERATING (INCOME) EXPENSES, NET
NOTE 17: OTHER INCOME (CHARGES), NET
86
For the Year Ended December 31,
(in millions)
2012
2011
2010
(Income) expenses:
Goodwill impairments (1)
$
—
$
8
$
626
Supply arrangement termination payment (2)
(35
)
—
—
Gains related to the sales of assets and businesses (3) (4)
(58
)
(78
)
(8
)
Other
(2
)
5
1
Total
$
(95
)
$
(65
)
$
619
(1)
Refer to Note 8
“
Goodwill and Other Intangible Assets,
”
in the Notes to Financial Statements.
(2) In the fourth quarter of 2012, Kodak received cash proceeds of approximately $35 million associated with the termination of a supply
arrangement.
(3) In December 2003, Kodak sold a property in France for approximately $65 million, net of direct selling costs, and then leased back a
portion of this property for a nine-year term. The entire gain on the property sale was deferred due to Kodak’s significant continuing
involvement in the property. In the fourth quarter of 2012, the lease term expired and Kodak’s continuing involvement in the property
ended. As a result, Kodak recognized a gain of approximately $50 million.
(4) On March 31, 2011, Kodak sold patents and patent applications related to CMOS image sensors to OmniVision Technologies Inc. for $65
million. Kodak recognized a gain, net of transaction costs, of $62 million from this transaction.
For the Year Ended December 31,
(in millions)
2012
2011
2010
Income (charges):
Interest income
$
11
$
10
$
11
Gain on sale of investment
23
—
10
Loss on foreign exchange transactions
(16
)
(14
)
(5
)
Dividend income
1
—
—
Other
2
—
7
Total
$
21
$
(4
)
$
23